Market Essentials - December 2019

The end of the year, and the decade, is fast approaching. Property is a long-term investment, so it’s a great time to see how it’s performed over the last ten years in major markets across Australia. According to the Australian Bureau of Statistics, median house prices in Australian capital cities ten years ago were as follows: Sydney $595,000, Melbourne $480,000, Brisbane $455,000, Perth $505,000, Canberra $525,000, Adelaide $397,500 and Darwin $520,000.